Mirae Asset and Global X ETFs’ Acquisition of ETF Securities Australia

Jones Day advised Mirae Asset Global Investments Co., Ltd. and Global X ETFs on the deal.

Mirae Asset Global Investments Co., Ltd. (Mirae Asset), one of Asia’s leading independent financial companies based in Seoul, Korea, and Global X ETFs (Global X), the New York-based provider of exchange-traded funds (ETFs) and a subsidiary of Mirae Asset, announced that they have completed the acquisition of ETF Securities, Australia’s pioneering independent ETF provider.

The acquisition provides an opportunity for Mirae Asset and Global X to add instant scale in the Australian market, and ETF Securities’ product lineup of thematic, commodities and digital assets strategies compliments Mirae Asset’s and Global X’s current offerings of innovative and intelligent ETF solutions for global investors. 

Mirae Asset currently has an extensive global ETF platform ranging across the U.S., Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam. With the addition of ETF Securities and its A$4.7 billion in assets under management (AUM)i, Mirae Asset is expanding its footprint into Australia and bringing its ETF AUM to over $85 billion.

The Jones Day team was led by Tony Wassaf and Hemang Shah (Picture).

Involved fees earner: Hemang Shah – Jones Day; Tony Wassaf – Jones Day;

Law Firms: Jones Day;

Clients: Global X ETFs II ICAV; Mirae Asset Global Investments Co.;

Martina Bellini

Author: Martina Bellini